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Explain the difference between the economist Cost-Volume-Profit (CVP) analysis model and the accountant CVP analysis model. (6 marks) C. The Mathematical Equation Method and Contribution

Explain the difference between the economist Cost-Volume-Profit (CVP) analysis model and the accountant CVP analysis model. (6 marks) C. The Mathematical Equation Method and Contribution Margin Method is a method used to calculate Break-Even Point (BEP) for a single product. Is there any different in the calculated amount of BEP between the two (2) methods? Justify your answer. (3 marks)

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